Music Business News: South Korea Analysis News K-Pop in crisis? Around 93m albums were sold in South Korea in 2024 – 23m fewer than in 2023 New data shows that, even as K-Pop gets bigger in the US, album sales declines in its home country in 2024 News HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real Del Real, known for his work with multiple Latin Grammy Award-winning rock band Café Tacvba, has already released his first single under the new label News SM Entertainment majority shareholder Kakao is building a superfan app to take on HYBE’s Weverse (report) Unlike HYBE's Weverse, Kakao’s BERRIZ will incorporate content from Korean movies, dramas, and webtoons News NetEase Cloud Music secures temporary deal to keep SM Entertainment’s catalog Cloud Music earlier warned users that SM’s entire music catalog might be removed from the platform due to unsuccessful renewal negotiations News Jay Z’s Roc Nation partners with South Korea’s Musicow to launch music royalty trading platform in the US Musicow purchases the copyright of a song and splits the rights into smaller portions, allowing members on the platform to buy shares in royalties News K-pop group NewJeans hires law firm, plans name change as HYBE dispute escalates The group alleges that ADOR held secret meetings with their parents, attempting to create division within NewJeans Analysis News From Suno being sued by GEMA to Weverse’s 150m lifetime downloads… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place… Analysis News Weverse hit 150m lifetime downloads, saw 19% user growth in 2024, as Ariana Grande, Dua Lipa join superfan platform '2024 was a transformative year for Weverse,' said Joon Choi, President of Weverse Company1 2 … 38 Next
Analysis News K-Pop in crisis? Around 93m albums were sold in South Korea in 2024 – 23m fewer than in 2023 New data shows that, even as K-Pop gets bigger in the US, album sales declines in its home country in 2024
News HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real Del Real, known for his work with multiple Latin Grammy Award-winning rock band Café Tacvba, has already released his first single under the new label
News SM Entertainment majority shareholder Kakao is building a superfan app to take on HYBE’s Weverse (report) Unlike HYBE's Weverse, Kakao’s BERRIZ will incorporate content from Korean movies, dramas, and webtoons
News NetEase Cloud Music secures temporary deal to keep SM Entertainment’s catalog Cloud Music earlier warned users that SM’s entire music catalog might be removed from the platform due to unsuccessful renewal negotiations
News Jay Z’s Roc Nation partners with South Korea’s Musicow to launch music royalty trading platform in the US Musicow purchases the copyright of a song and splits the rights into smaller portions, allowing members on the platform to buy shares in royalties
News K-pop group NewJeans hires law firm, plans name change as HYBE dispute escalates The group alleges that ADOR held secret meetings with their parents, attempting to create division within NewJeans
Analysis News From Suno being sued by GEMA to Weverse’s 150m lifetime downloads… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
Analysis News Weverse hit 150m lifetime downloads, saw 19% user growth in 2024, as Ariana Grande, Dua Lipa join superfan platform '2024 was a transformative year for Weverse,' said Joon Choi, President of Weverse Company